You knew it couldn’t last. Tesla’s Model S came along a couple of years ago and shook up the way we think of electric vehicles (EVs), offering 200 miles of range and an experience that was more Wall Street than Main Street. But the startup car maker wasn’t going to have the segment to itself for ever. This week at the Frankfurt International Motor Show, Porsche debuted the Mission E, and it’s obvious whom the car is aimed at.

The Mission E is a four-seater that promises a 310-mile (500km) range and batteries that can be recharged to 80 percent in 15 minutes. But since it’s also a Porsche, the Mission E has 600hp (447kW) and will accelerate from 0-60 in 3.5 seconds, topping out at 124mph (200km/h). Porsche is leveraging the knowledge it has built up racing the 919 Hybrid, which blew away all competition at this year’s 24 Hours of Le Mans, thanks in part to rapidly advancing battery technology that left rival solutions from Audi (flywheel) and Toyota (supercapacitors) in its wake.

The Mission E is only a concept, so we don’t have a price or ETA for when it might go on sale. But Porsche isn’t in the habit of building concept cars that go nowhere, either. Previous concepts like the Panamericana (1989) and the Boxster (1993) both got the public ready for new production models, and we expect to see a production four-seat Porsche EV in the not-too distant future.